Member of the Parliamentary Finance Committee, Mudhar al-Karawi, said on Wednesday that there are currently no plans to increase the exchange rate of the US dollar against the Iraqi dinar.
Al-Karawi explained that, so far, there are no official signs that the government intends to move in that direction. He said the government and financial authorities remain focused on maintaining exchange rate stability to protect the economy and prevent further pressure on prices in local markets.
He warned that any increase in the dollar exchange rate would quickly affect the cost of goods, especially food and other basic necessities. According to him, such a move would place an additional burden on low-income families and vulnerable groups.
Al-Karawi stressed that raising the exchange rate could have significant economic consequences, including higher living costs for ordinary citizens.
While he said there are no current plans to make such a change, he acknowledged that the option could be discussed in the future if circumstances require it. However, he emphasized that any future decision must include strong measures to protect poorer households and prevent sharp increases in the prices of essential goods.
He concluded by stressing the importance of safeguarding citizens’ purchasing power and maintaining stability in the market.
